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Outdoor Resorts Retirement Villa For Sale

Outdoor Resorts Retirement Villa For Sale

Outdoor Resorts Retirement Villa For Sale

For Sale – 9000 US HWY 192 Lot #3

Outdoor Resorts, Clermont FL

$56,900

1 Bedroom  | 1 Bathroom  | 694 SQ FT 

Located in a 55+ gated community, this is a nice, clean, open home offering newer plumbing, newer windows, roof over (2015), a/c maintenance contract, platform bed (providing plenty of storage), separate laundry room, front awning over parking and patio area, and rear patio with two storage sheds. Located close to the entrance and a straight shot to the clubhouse and pool. Be sure and put this home on your list to see!

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The Home Appraisal Process: What to Expect as a Buyer

The Home Appraisal Process: What to Expect as a Buyer

The Home Appraisal Process: What to Expect as a Buyer

The home appraisal process is just a formality when buying real estate, right? You’ve found the house you love and put in a good offer, and it was accepted! It’s time to break out the Dom Pérignon White Gold? Sorry, not yet. If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Yikes! It can be a nerve-racking ordeal, but it’s actually good for you. Allow us to demystify the process.

Appraisals estimate a home’s value with fresh eyes

Just because you and the sellers have agreed on a price doesn’t mean it’s a done deal—your lender needs to be on board, too. After all, it’s the lender’s real estate investment as well. To get a mortgage, you’ll need a home appraisal because the home serves as collateral for your lender. If for some reason you end up unable to make your mortgage payments, the lender will have to foreclose on your home, then sell the property to recoup its costs. So your mortgage lender will have to know the value of your home before handing over that large chunk of change. While the home appraisal process is somewhat similar to getting comps—as you did to determine a fair price—the appraiser delves in deeper to determine the home’s exact value. An appraiser will investigate the condition, the square footage, location, and any additions or renovations.

From there, he or she will appraise the home and determine its value. An appraiser is trained to be unbiased, says Adam Wiener, founder of Aladdin Appraisal in Auburndale, MA. “I don’t care what anybody wants the home to be worth,” he says. “As an appraiser, I’ll give you the answer. You may not like it, but it’s the answer.” Off-site, the appraiser may also evaluate the current real estate market in the neighborhood to help determine the value of the property. Usually, the lender or financing organization will hire the appraiser. Because it’s in the best interest of the lender to get a good home appraisal, the lender will have a list of reputable pros to appraise the home. Whoever takes out the mortgage pays for the home appraisal, unless the contract specifies otherwise. Then the buyer pays the fee in the closing costs. If a seller is motivated, he may pay for the home appraisal himself to back his asking price, which benefits the buyer by reducing closing costs.

You’ll get a copy of the home appraisal, too

An appraiser sets out to determine if the home is actually worth what you’re planning to pay. You might be surprised by how little time that takes; the appraiser could be in and out of a home in 30 minutes, and that’s not a reason to panic. An appraiser doesn’t have the same job as a home inspector, who examines every little detail. While they’ll pay particular attention to problems with the foundation and roof, the home appraisal process includes noting the quality and condition of the appliances, plumbing, flooring, and electrical system. With data in hand, they make their final assessment and give their report to the lender. The mortgage company is then required by law to give a copy of the appraisal to you.

Appraisers work for your lender—not you

As the buyer, you’ll be paying for the home appraisal. In most cases, the fee is wrapped into your closing costs and will set you back $300 to $400. However, just because you pay doesn’t mean you’re the client. “My client is the lender, not the buyer,” Wiener says. This ensures that appraisers remain ethical—in fact, it’s a crime to coerce or put any pressure on an appraiser to hit a certain value. Appraisers must remain independent. “Anything less, and public trust in the appraisal is lost,” says Wiener.

 

 

They protect buyers from a bad deal

In essence, the home appraisal process is meant to protect you (and the lender) from a bad purchase. For instance: If the appraisal comes in higher than your asking price, it’s generally fine. Sure, the sellers could decide they want more money and would rather put their home back on the market; but in most cases, the deal will go through as expected. If your appraisal comes in lower than what you offered, this is where things get tricky: Your lender won’t pony up more money than the appraised price. So if you and the sellers agree on $125,000 but the appraisal comes in at $105,000, it creates a $20,000 shortfall. What’s a buyer to do? Read on.

A curveball appraisal isn’t necessarily the end

If the appraisal process happens, your appraisal comes in low, and your contract with the seller was contingent on an appraisal, you could walk away and have your earnest money returned. If you prefer to buy the home anyway (or waived your appraisal contingency), there are some other paths you can pursue:

  • Come up with the cash to cover the difference between the appraisal and offer price.
  • Ask the seller to cover the difference.
  • Challenge the appraisal, and pay for a second opinion.

Keep in mind, though, that your new report could come out identical. Also keep in mind that if you do choose to walk away, that’s actually good news, although it may not seem like it at the time. Why? Because the appraisal kept you from paying too much for your home. Once your appraisal is done, you’re still not ready to close without another nerve-racking step called a home inspection.

The moral of this story …

It is so important for you as a Potential Home Buyer to utilize the services of a professional Real Estate Agent who can help you get through the other tasks aside from getting offer accepted. Contact us today to start touring your next Orlando Vacation Home or your next Primary Residence. 

Source: Realtor.com

Outdoor Resorts Retirement Villa for Sale

Outdoor Resorts Retirement Villa for Sale

Outdoor Resorts Retirement Villa for Sale

For Sale – 9000 US HWY 192 Lot # 188

Outdoor Resorts, Clermont FL

$105,000

2 Bedrooms  | 2 Bathrooms  | 748 SQ FT 

 
Awesome 2-bed/2-bath home on the canal with an OUTSTANDING 47’ deck and one of a kind gazebo, patio tables/chairs, free standing bar and storage sheds. You have a great view out on the water (and pretty good fishing)!! The home has a nice kitchen with breakfast bar, dining area with built in cabinet, great living room, inside utility complete with washer/dryer, and a platform bed with underbed storage. The roof new in 2015, new plumbing, sitting area on the front porch, two car drive, nicely landscaped, and a great location close to the clubhouse and golf course. This is a great home for entertaining and enjoying Florida weather at its best!

 

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Orlando Retirement Home For Sale in Outdoor Resorts

Orlando Retirement Home For Sale in Outdoor Resorts

Orlando Retirement Home For Sale in Outdoor Resorts

For Sale – 9000 US HWY 192 Lot # 543

Outdoor Resorts, Clermont FL

$59,995

1 Bedroom  | 1 Bathroom  | 648 SQ FT 

 

 
1 BED / 1 BATH FULLY FURNISHED HOME ON PIE SHAPED LOT!! This home has laminate floors on the main level and carpet on the lower level. Nice large utility room area with newer full size washer & dryer. This property is close to the club house and large pool as well as the resort’s many amenities and post office. This home is offered at a good price and is move in ready, all you need are your clothes and the key!!!

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Retirement Villa For Sale in Outdoor Resorts

Retirement Villa For Sale in Outdoor Resorts

Retirement Villa For Sale in Outdoor Resorts

For Sale – 9000 US HWY 192 Lot # 464

Outdoor Resorts, Clermont FL

$57,500

 1 Bedroom  | 1 Bathroom  | 726 SQ FT 

Nice one bed/one bath retirement villa  located in a gated, lakefront, 55+ free golf community. Owners have taken good care of this home. The Florida/Living room has lots of sunshine and a separate laundry room. The upper level is nice and open with carpet and vinyl throughout. The roof was replaced in 2014. Check out this home before you make a final decision. Low HOA fees equating to $164/mo covers water, sewer, basic cable, trash, lawn mowing …..And YOU OWN THE LAND!

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Investment Home for Sale, Davenport FL

Investment Home for Sale, Davenport FL

Investment Home for Sale, Davenport FL

For Sale – 3050 Bella Vista Drive

Waterstone Villas, Davenport FL

Currently an investment property this 4 Bedroom corner town home would also make a fantastic primary residence or short term rental property. A luxurious feeling created by the 9ft ceilings with recessed lighting and crown molding add to the well equipped kitchen with solid wood cabinets and granite counter tops. Outside the home benefits from a large private block paver courtyard and is just a short walk from the clubhouse with fitness center, kids play area, kitchen, and community pool. Located on Highway 27 just minutes from Champions Gate, I4 and the new Four Corners Upper School.

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